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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

OLYMPTRADE

Vanuatu|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Global Business|High potential risk|

https://olymptrade.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

OlympTrade-Demo

United Kingdom
MT4
2

Influence

AA

Influence index NO.1

India 8.93
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
OlympTrade-Demo MT4
Server Location United Kingdom

Influence

Influence

AA

Influence index NO.1

India 8.93

Surpassed 35.50% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@olymptrade.com
https://olymptrade.com
1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu
https://www.facebook.com/olymptradecom/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2018-01-01
INVESTOR ALERT LIST
OLYMPTRADE
Olymp Trade

Broker Information

More

Company Name

Aollikus Limited

Company Abbreviation

OLYMPTRADE

Platform registered country and region

Vanuatu

Company website
Facebook
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-03-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 55 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Expose

    OLYMPTRADE · Company Summary

    Company Summary

    Company profile

    General Information & Regulation

    Olymp Trade has been an online brokers since 2014. Olymp Trade joined the IFC in 2016. Olymp Trade received the 2017 Best Options Broker Award at Forex Expo and the 2017 CPA Life Best Financial Broker Award. Olymp Trade's official website does not show any regulatory information.

    Market Instruments

    Olymp Trade offers traders a series of financial instruments, including Forex currency pairs, commodities, indices, stocks, cryptocurrencies, exchange-traded funds, and OTC.

    Leverage & Accounts

    To meet the investment needs and trading experience of different investors, Olymp Trade offers two different types of accounts: Standard and Premium. Olymp Trade offers maximum trading leverage of 1:400, 1:30 for the most popular currency pairs, and 1:20 for minor currency pairs.

    Spreads & Commissions

    There is no detailed information about spreads on the official Olymp Trade website. By testing a standard demo account, the spread on EURUSD is around 1.1 pips. Olymp Trade charges a fixed rate of overnight fees for overnight trades, up to 15% of the total investment amount. For accounts that have been inactive for 180 days, Olymp Trade charges a monthly fee of $10.

    Trading Platform

    Olymp Trade trading platform pages are easy to navigate with a real focus on user experience. Olymp Trade supports web, desktop applications (for Windows and Mac), and smartphones/tablets (for Android/iOS).

    Deposit & Withdrawal

    Olymp Trade welcomes a variety of deposit and withdrawal methods, mainly bank cards, credit cards, UnionPay, Bitcoin, TEDA, NETELLER, Skrill, Perfect Money, WebMoney

    Trading Hour

    It is possible to access the Olymp Trade website 24 hours a day, seven days a week, 365 days per year. Essentially, investors can trade whenever (and wherever) they see fit via mobile and desktop devices. It is, however, worth mentioning that the available markets are not open 24/7.

    Customer Support

    Olymp Trade customer support is available 24/7 via the following means:

    • Phone: +84 2844 581 413

    • Email: news@olymptrade.com

    • Web: olymptrade.com

    News

    Olymp Trade and Ronaldinho Partner for a Joint Social Cause

    NewsOlymp Trade and Ronaldinho Partner for a Joint Social Cause

    2023-02-14 10:31

    Olymp Trade, an international trading platform, is partnering with world-renowned footballer Ronaldinho to launch a charity campaign called "Team up for Change." From February 6th to 26th, the event will be taking place on social media channels and provide Olymp Trade traders with the chance to make a difference in someone's life.

    WikiFX
    2023-02-14 10:31
    News
    Olymp Trade and Ronaldinho Partner for a Joint Social Cause
    Olymptrade's ridiculous complaint makes people wonder if their IQ is working?!

    ExposureOlymptrade's ridiculous complaint makes people wonder if their IQ is working?!

    2020-06-22 18:18

    Once again, WikiFX received a complaint email from Olymptrade, the content of which was ridiculous and made people wonder whether their IQ worked or not. In the email, they claimed that the financial services they had been providing were legal and didn’t require any form of regulation. It was shocking that a Forex trading platform could claim that they did not need any regulations. Their bold statement was not only irresponsible but also breached the law. Olymptrade has repeatedly stressed that now that investors have chosen to invest on its platform, they should bear the potential risks of forex and know all the legal information. Olymptrade has been exploiting legislation loopholes and carrying out its illegal forex services.

    WikiFX
    2020-06-22 18:18
    Exposure
    Olymptrade's ridiculous complaint makes people wonder if their IQ is working?!
    Notorious OLYMPTRADE Has Been Complained by 16 Victims for Scam

    ExposureNotorious OLYMPTRADE Has Been Complained by 16 Victims for Scam

    2020-04-02 12:17

    WikiFX has received a massive amount of complaints from victims about OLYPMPTRADE on official Facebook.

    WikiFX
    2020-04-02 12:17
    Exposure
    Notorious OLYMPTRADE Has Been Complained by 16 Victims for Scam
    Video Proof Attached! WikiFX never tolerates Olymptrade's bad behavior of distorting fact.

    ExposureVideo Proof Attached! WikiFX never tolerates Olymptrade's bad behavior of distorting fact.

    2020-04-01 16:13

    It is estimated that the average daily trading volume in Nigeria's forex market may be around 350-450 million naira (US$1-1.2 million), and this figure is still on the rise. The number of Nigerian investors who are interested in forex has been growing steadily over the past decade, and Nigeria may have as many as 300,000 retail forex traders, among which about 25 percent are active traders.

    WikiFX
    2020-04-01 16:13
    Exposure
    Video Proof Attached! WikiFX never tolerates Olymptrade's bad behavior of distorting fact.

    User Reviews

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    User comment

    22

    Comments

    Write a review

    ธนชาติ ดำรงลาวรรณ
    0-3months
    I successfully registered for an account and started trading in one day. I like that the initial steps are very simple. And the low minimum deposit amount makes it very interesting 👍
    2024-03-13 20:41
    Reply
    0
    0
    Sataheep Pichit
    0-3months
    Loving every moment with Olymp Trade. so easy to use. even cheeky newbies can trade here and make it look easy. I was up and trading in with only a few bucks out there. The range of assets is decent, from forex to ETFs and whatnot. plenty of options to diversify. Plus, their educational resources are a goldmine for anyone looking to level up their trading game.. recommended
    2024-02-27 23:27
    Reply
    0
    0
    วิทวัส กติยา
    0-3months
    If I'm being honest, I came across a Thai website a while ago. And I didn't dare use Olymp Trade much at all, but at that time I wondered why this place had such a high rating on the net. So I tried to study it. Until I tried trading on a demo account here. It appears that this broker is regulated by Finacom, which is a very reputable agency. And I have also discovered a few good brokers that work directly with this agency. Plus the trading experience is quite good. In short, you shouldn't trust everything written online. The best way is to test it yourself first.
    2024-02-27 14:03
    Reply
    0
    1
    EduardoMarin
    0-3months
    I like how status progression feature is implemented on this broker's platform. I like this type of gamification
    2024-02-27 13:36
    Reply
    0
    0
    Guilherme S
    0-3months
    Quickler is my thing, for real. I have never faced such a useful tool for increasing attention and honing skills. Use it like a warm up before trading day and you'll be on a roll.
    2024-02-25 17:00
    Reply
    0
    0
    Marc1725
    0-3months
    I am in love with this paltform. Form its design to the performance… everything is 👍
    2024-02-14 16:53
    Reply
    0
    1
    ธีรพล สมุทรเทวา
    0-3months
    Is it true that Olymp Trade has ETH BTC? It's so good. I'll be able to trade before anyone else. I normally trade here. Anyone who doesn't trade here will soon have to come and trade anyway.
    2024-02-08 13:16
    Reply
    0
    0
    อภิคม
    3-6months
    This is one of the most misleading reviews of Olymp Trade that I have ever seen. There was no mention of FinaCom governance or customizable platforms, nothing at all, just a bunch of random stuff that wasn't relevant. I don't think it can be trusted like this.
    2023-11-26 13:27
    Reply
    0
    0
    Mai3525
    3-6months
    It says there is no regulatory information on official website. But that's not true😉
    2023-11-21 21:12
    Reply
    0
    0
    Carub Lazuardi
    3-6months
    So many fake comments and complaints here. They even complain for high spreads, while this broker has no spreads at all 😀 Olymp Trade maybe it’s not the perfect broker, but definitely is not a scam.
    2023-11-01 17:51
    Reply
    0
    0
    ประพจน์
    3-6months
    Olymp Trade has been around for longer than what is written here. Plus there are other things written incorrectly. But personally, I have a good trading experience here. Better than most brokers
    2023-10-20 00:31
    Reply
    0
    0
    Wisnu6847
    3-6months
    The withdrawal processing is very fast. No delays, not many questions either.
    2023-10-19 19:58
    Reply
    0
    1
    Elon Sihotang
    3-6months
    I can't agree with the verdict this website made. Financial commission seems to be quite a reputable financial body which is supervising many brokerage companies in the industry. For me, it's an appropriate and reliable partner in the world of finances. Indeed, it has some differences from other companies, but it's just the way brokers survive in the market. They should differ.
    2023-10-18 19:02
    Reply
    0
    0
    ผดุงศักดิ์
    3-6months
    I won't lie. I have traded on many platforms including Olymp Trade. To be honest, There are probably better platforms than Olymp Trade. I have traded on one or two. But the important thing is that Olymp Trade is consistent. This place has been open for many years. and always provide high quality customer service without creating any problems or lowering standards at all This is very important. If you want to trade at the broker for a long time. Because consistency is very important in this business.
    2023-10-13 00:20
    Reply
    0
    0
    Pongchai Kittikun
    3-6months
    Well, I don't think the people who comment here are really neutral. I use it as well but haven't encountered any problems. Everything is fine. It may definitely not be perfect. But you are too critical. As a customer, I prefer not to use bonuses. But it's better to be something else instead. This is my opinion. It's okay if you don't believe it.
    2023-10-03 04:03
    Reply
    0
    0
    中国狙击
    more than one year
    Olymp Trade, this offshore broker ruined all my expectation of forex trading. Spreads were awfully high, I hate this. When I told them I wanted to withdraw my funds, they treated my very rudely! Things haven’t been fixed till now.
    2023-02-20 09:19
    Reply
    0
    0
    人无完人
    more than one year
    Truly a shocking, awful experience and will never use this company again. Been with OLYMPTRADE last year unable to locate or get feedback from anyone I have sent numerous emails to no avail...
    2023-02-16 13:37
    Reply
    0
    0
    Mayo9159
    more than one year
    I have been waiting for a withdrawal for more than 15 days, I already passed their documentation filters and everything. On January 25, I requested a withdrawal of 5,500.00 and today, February 7, I have not received anything, they only know how to say that I have to wait 24 to 48 hours and when that time passes they tell you the same thing again. Terrible platform and terrible customer service, I do not recommend it to anyone.
    2023-02-09 03:40
    Reply
    0
    1
    Jei
    more than one year
    bad platform they closed the account taking 400 usd from me
    2022-12-06 22:07
    Reply
    0
    2
    FX1094788557
    more than one year
    Do not trade with OLYMPTRADE, it is a completely opaque broker. They will go out of their way to steal your money! I was experiencing very severe negative slippage in my trades.
    2022-12-01 15:46
    Reply
    0
    1
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